Guinness Asset Management LTD cut its holdings in Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,012 shares of the oil and gas producer’s stock after selling 19,313 shares during the quarter. Guinness Asset Management LTD’s holdings in Suncor Energy were worth $9,502,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SU. CWA Asset Management Group LLC increased its holdings in shares of Suncor Energy by 64.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 117,779 shares of the oil and gas producer’s stock valued at $4,924,000 after purchasing an additional 46,342 shares in the last quarter. Principal Financial Group Inc. grew its position in Suncor Energy by 0.6% during the third quarter. Principal Financial Group Inc. now owns 18,854,921 shares of the oil and gas producer’s stock worth $789,213,000 after buying an additional 106,765 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in Suncor Energy by 15.6% in the second quarter. Ontario Teachers Pension Plan Board now owns 315,278 shares of the oil and gas producer’s stock valued at $11,818,000 after buying an additional 42,506 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Suncor Energy by 45.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 723,965 shares of the oil and gas producer’s stock valued at $29,871,000 after buying an additional 227,197 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Suncor Energy by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 4,941,181 shares of the oil and gas producer’s stock valued at $184,730,000 after acquiring an additional 66,610 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.
Suncor Energy Trading Down 0.2%
Suncor Energy stock opened at $53.06 on Friday. The stock has a 50-day moving average price of $46.71 and a 200 day moving average price of $42.92. Suncor Energy Inc. has a 52 week low of $30.79 and a 52 week high of $55.30. The stock has a market cap of $63.32 billion, a PE ratio of 15.29 and a beta of 0.46. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.19.
Suncor Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.5%. Suncor Energy’s dividend payout ratio (DPR) is currently 49.57%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on SU. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Suncor Energy in a report on Monday, December 29th. Royal Bank Of Canada raised their price target on Suncor Energy from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James Financial raised Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 6th. Wells Fargo & Company assumed coverage on shares of Suncor Energy in a research report on Friday, October 17th. They issued an “equal weight” rating on the stock. Finally, Wall Street Zen cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $61.00.
Read Our Latest Research Report on Suncor Energy
Key Stories Impacting Suncor Energy
Here are the key news stories impacting Suncor Energy this week:
- Positive Sentiment: Analyst upgrade and bigger price target — RBC raised its price target to $75 and kept an “outperform” rating, implying ~40% upside from current levels; this is a clear bullish endorsement from a major bank. Benzinga
- Positive Sentiment: Q4 results beat estimates and production strength — Suncor topped EPS and revenue estimates for Q4, citing record upstream output and strong refining performance that offset weaker commodity prices. That supports near‑term earnings resilience. MarketWatch
- Positive Sentiment: Dividend maintained and yield supportive — Suncor declared a quarterly payout of $0.60 (annualized yield ~4.5%), reinforcing income investor appeal and providing a cash-return floor for the stock.
- Neutral Sentiment: Strategic update on bitumen supply planned — Suncor said it will outline long‑term bitumen supply plans this spring, a strategic development that could affect medium‑term production and capital allocation but has no immediate financial impact. Reuters
- Negative Sentiment: Surge in put-option activity — Traders bought ~28,315 put contracts (a ~3,000% jump vs. normal daily put volume), and media flagged high put purchases, which can signal increased hedging or speculative bearish bets that may pressure near‑term share performance. American Banking News
About Suncor Energy
Suncor Energy Inc is a Canadian integrated energy company headquartered in Calgary, Alberta. The company’s operations span the full oil and gas value chain, with principal activities in oil sands development and production, conventional exploration and production, refining, distribution and retail marketing of petroleum products. Suncor supplies crude, synthetic crude and refined fuels as well as related products and services to commercial and consumer markets.
Upstream, Suncor is a major developer and operator of oil sands projects in Alberta, using both mining and in situ technologies to produce bitumen and synthetic crude.
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